Loan Servicing

The team has handled a multitude of loan servicing matters on behalf of CMBS master servicers, including assumption/change of control transactions, casualty/condemnation events, partial releases, loan splits and participations, commercial condominium conversions, collateral additions and substitutions, SNDAs, issues with co-lenders, participants, B note holders and mezzanine lenders, and many other borrower consent requests, including property manager changes, easements, construction projects, ground lease issues, and loan extensions. In our role as master servicers’ counsel, we are keenly aware of timing and other issues when obtaining rating agency no downgrade letters and special servicers’ approvals.

Our Loan Servicing practice has a tremendous breadth of experience, which is highlighted below:

Deep CMBS loan origination experience, having closed more than $2.5 billion in CMBS loans since 2015

Seyfarth has also represented special servicers with consent requests, workouts and foreclosures, borrower bankruptcies, intercreditor and co-lender issues, REMIC and other tax matters, and REO lender structures and REO operational issues.

We effectively address servicing matters in a way that will accommodate the borrowers’ needs while complying with all applicable servicing standards and REMIC tax rules.

Our London office operates as Seyfarth Shaw (UK) LLP, an affiliate of Seyfarth Shaw LLP. Seyfarth Shaw (UK) LLP is a limited liability partnership established under the laws of the State of Delaware, USA and is authorised and regulated by the Solicitors Regulation Authority with registered number 556927.

Legal services provided by our Australian practice are provided by the Australian legal practitioner partners and employees of Seyfarth Shaw Australia, an Australian partnership.

Our Hong Kong office "Seyfarth Shaw," a registered foreign law firm, is a Hong Kong sole proprietorship and is legally distinct and independent from Seyfarth Shaw LLP, an Illinois limited liability partnership, and its other offices.